BTC Exchange Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of BTC Exchange consists of four parts: general information, fees, deposit methods and security.
BTC Exchange is a cryptocurrency exchange from Lithuania. Actually, it is the only exchange we know of that is from Lithuania. In the Baltic region, there are far more exchanges from Estonia. The list of exchanges from Estonia includes, but is not limited to, CoinMetro, Omgfin, BTCBear, Jubiter, LATOKEN, Crex24, STEX.com, Kriptomat and P2PB2B.
There are only two team members explicitly mentioned on this exchange’s website: Audrius Ramanauskas (CEO) and Tadas Kvedaras (CTO). This is the information about them on BTC Exchange’s domain:
US-investors may not trade on this exchange. So if you are a US-investor and want to trade at Luno, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
BTC Exchange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at BTC Exchange:
BTC Exchange Fees
BTC Exchange Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade. The maker thus “makes” the order being executed. The other party is the taker, who places the order that matches (or “takes”) the maker’s order. The maker-taker model normally encourages market liquidity by rewarding the makers of that liquidity with a fee discount.
BTC Exchange’s trading fees for takers are 0.10%. This fee is a bit below the global industry average. The global industry average is arguably around 0.25%, although we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
But the taker fees are not this platform’s strongest edge. At the BTC Exchange, makers don’t pay any fees at all (0.00%). Naturally, this is a great deal for the makers in the trades at this exchange.
BTC Exchange Withdrawal fees
Some exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Unfortunately, this exchange belongs to that group.
This exchange charges a withdrawal fee amounting to 0.0025 BTC when you withdraw BTC. 0.0025 BTC is a very high withdrawal fee for BTC-withdrawals. It is actually more than four times higher than the global industry average, being 0.0006 BTC per BTC-withdrawal. It is also the highest fixed withdrawal fee out of all the exchanges listed in our Cryptocurrency Exchange List. However, the fee can even be higher than that!
The withdrawal fee model is actually either 0.0025 BTC or 0.25% of the withdrawn amount, whichever is higher.
This is without doubt the highest and least consumer friendly withdrawal fee we have ever encountered.
This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. If you need to use your credit card for any reason, you can find an exchange accepting credit card deposits by using our Exchange Finder.